GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Horizon Kinetics Q4 2012 Commentary

January 21, 2013 | About:
CanadianValue

CanadianValue

210 followers
I thought this was one very enjoyable read. They touch on a concept that I've always considered important but never been able to put into words as effectively as Horizon has in this commentary.

That concept is that if you trust the judgement of a management team with a long-term record of compounding at high rates, then maybe the best way to value their specific company is to watch how they are allocating capital (what they are doing with their own capital structure).

Horizon Kinetics - Q4 2012 by[url=undefined][/url]



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (4 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide